FY2026 Fair Market Rents — Gallatin County
Studio
$1,485
1BR
$1,642
2BR
$2,154
3BR
$2,996
4BR
$3,537
Gallatin County, Montana
FIPS 30031 · County-level FMR and income limit data
FMR Area: Bozeman, MT MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,485 | $17,820 |
| 1-Bedroom | $1,642 | $19,704 |
| 2-Bedroom | $2,154 | $25,848 |
| 3-Bedroom | $2,996 | $35,952 |
| 4-Bedroom | $3,537 | $42,444 |
To afford the FY2026 2-bedroom FMR of $2,154/mo under the 30%-of-income rule, a household needs about
$86,160/yr ($7,180/mo). Area Median Income is $130,200.
At MT's state minimum wage of $10.55/hr, a worker would need to work 158 hours/week to afford that rent.
FY2026 Income Limits
Area Median Income: $130,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $27,350 | $31,250 | $35,150 | $39,050 | $42,200 | $45,300 |
| 50% AMI | $45,600 | $52,100 | $58,600 | $65,100 | $70,350 | $75,550 |
| 80% AMI | $72,950 | $83,350 | $93,750 | $104,150 | $112,500 | $120,850 |